MIRA
INFORM REPORT
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Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
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Name : |
DUCOL ORGANICS AND COLOURS PRIVATE LIMITED |
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Registered
Office : |
15, Old Bangalipura, Mumbai - 400 003, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
16.06.1994 |
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Com. Reg. No.: |
11-079015 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
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CIN No.: [Company Identification
No.] |
U24239MH1994PTC079015 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD04924D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Dyes Chemicals |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 340000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as decent. Business is active. Payments are reported
to be usually correct. The company can be considered good for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
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Registered Office : |
15, Old Bangalipura, Mumbai - 400 003, Maharashtra, India |
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Tel. No.: |
91-22-23429601 / 23415191 / 43545000 |
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Fax No.: |
91-22-23413984 |
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E-Mail : |
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Website : |
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Head Office : |
MIDC Industrial Area, Plot 22/2, Taloja, Taluka- Panvel, District- Raigad - 410208, Maharashtra, India. |
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Tel. No.: |
91-22-27410945 / 27410946 |
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Fax No.: |
91-22-27410949 |
DIRECTORS
As on 30.09.2011
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Name : |
Mr. Aamir Ahmed Farid |
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Designation : |
Director |
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Address : |
United Crystal, Flat No.1002, 10th Floor, Meghraj Sethi
Marg, Agripada, Mumbai – 400008, Maharashtra, India |
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Date of Birth/Age : |
06.08.1960 |
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Date of Appointment : |
16.06.1994 |
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DIN No.: |
00711705 |
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Other
Directorship
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Name : |
Mr. Hanee Ahmed Farid |
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Designation : |
Director |
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Address : |
United Crystal, Flat No.1002, 10th Floor, Meghraj Sethi
Marg, Agripada, Mumbai – 400008, Maharashtra, India |
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Date of Birth/Age : |
21.09.1955 |
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Date of Appointment : |
16.06.1994 |
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DIN No.: |
00711968 |
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Other
Directorship
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Name : |
Mr. Ali Mohdali Bagash |
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Designation : |
Director |
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Address : |
Moonlight Building, 4th Floor, Flat No.10, Maharshi Karve
Road, Churchgate, Mumbai – 400020, Maharashtra, India |
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Date of Birth/Age : |
03.09.1964 |
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Date of Appointment : |
16.06.1994 |
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DIN No.: |
02342844 |
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Other
Directorship
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Aamir Ahmed Farid |
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250000 |
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Ali Mohdali Bagash |
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500000 |
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Hanee Ahmed Farid |
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250000 |
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Total |
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1000000 |
As on 26.03.2012
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Names of Allottee |
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No. of Shares
Allotted |
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Aamir Ahmed Farid |
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250000 |
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Hanee Ahmed Farid |
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250000 |
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Total |
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500000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Dyes Chemicals |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
· Citi Bank N.A., Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India · NKGSB Co-Operative Bank Limited, Laxmi Sadan , 361, V. P. Road, Girgaum, Mumbai - 400004, Maharashtra, India · ICICI Bank Limited · HDFC Bank Limited · Bank of India · State Bank of India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A P and Company Chartered Accountants |
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Address : |
512-A, Rewa Chambers, 31, Sir Vithaldas Thackersy Marg, New Marine Lines,
Mumbai - 400020 Maharashtra, India |
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Tel. No.: |
91-22-22017205 / 22017206 |
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Fax No.: |
91-22-22019953 |
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E-Mail : |
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PAN.: |
AAAFA6366R |
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Enterprises on which
key management personnel or their relatives has significant influence: |
· Jazira Real Estate Private Limited · Jazira Plantations Private Limited · Prime Properties |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000
Millions |
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As on 31.03.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
10.000 |
10.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
77.391 |
49.057 |
17.887 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
87.391 |
59.057 |
27.887 |
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LOAN FUNDS |
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1] Secured Loans |
166.275 |
85.899 |
41.664 |
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2] Unsecured Loans |
12.806 |
12.811 |
14.069 |
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TOTAL BORROWING |
179.081 |
98.710 |
55.733 |
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DEFERRED TAX LIABILITIES |
4.322 |
0.287 |
0.000 |
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TOTAL |
270.794 |
158.054 |
83.620 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
140.349 |
39.044 |
36.351 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
2.000 |
2.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.058 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
111.812
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46.674 |
26.236 |
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Sundry Debtors |
60.742
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47.034 |
63.030 |
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Cash & Bank Balances |
10.218
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18.194 |
8.839 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
61.684
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93.537 |
7.623 |
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Total
Current Assets |
244.456
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205.439 |
105.728 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
72.556
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53.175 |
42.217 |
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Other Current Liabilities |
2.192
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1.270 |
0.873 |
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Provisions |
49.944
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33.984 |
15.427 |
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Total
Current Liabilities |
124.692
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88.429 |
58.517 |
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Net Current Assets |
119.764
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117.010 |
47.211 |
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MISCELLANEOUS EXPENSES |
8.681 |
0.000 |
0.000 |
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TOTAL |
270.794 |
158.054 |
83.620 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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539.482 |
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Other Income |
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TOTAL |
539.482 |
464.941 |
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Less |
EXPENSES |
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Administrative Expenses |
486.915 |
411.937 |
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Advertising Expenses |
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NA |
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TOTAL |
486.915 |
411.937 |
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PROFIT BEFORE
TAX |
52.567 |
53.004 |
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Less |
TAX |
18.381 |
19.951 |
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PROFIT AFTER TAX
|
34.186 |
33.053 |
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TOTAL IMPORTS |
96.636 |
63.162 |
24.725 |
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Earnings Per
Share (Rs.) |
15.00 |
33.00 |
NA |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
17.91
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13.38 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
13.66
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21.68 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.39
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0.56 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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3.48
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3.17 |
4.10 |
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Current Ratio (Current Asset/Current Liability) |
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1.96
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2.32 |
1.81 |
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
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1] |
Year of Establishment |
(Yes) |
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2] |
Locality of the firm |
(Yes) |
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3] |
Constitutions of the firm |
(Yes) |
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4] |
Premises details |
(No) |
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5] |
Type of Business |
(Yes) |
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6] |
Line of Business |
(Yes) |
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7] |
Promoter's background |
(Yes) |
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8] |
No. of employees |
(No) |
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9] |
Name of person contacted |